The new protocol firms up how the property is to be treated, introduces the ability for a payment break and confirms how a redundancy settlement is to be dealt with. It also confirms the basis for uplift payments throughout the voluntary arrangement.
If you google IVA protocol the insolvency exchange provides links to the old 2008 protocol and the new one also so you can see what has changed by comparing the two.
You learn something new every day! I never knew that there was a new protocol!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Having one of your moments again are you love Don't worry about it last night shift I was identifying myself as from KG and not KF as I work accross 11 Boroughs and people were like I wonder why Dagenham Supervisor is questioning a Newham Officer on their actions hahahahahaha
This sounds like a different protocol to the one I had in 2008, unless I've missed something.
I have those moments all the time Dave! Too much time on the computer I think!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If you have a read on the insolvency exchange link posted above it gives you links to both the 2008 protocol you are on and the new 2010 one and you can see the differences between the two.
I wasn't aware it had changed but will certainly take note of it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
